PayPal launches "Pay with Crypto" and reduces cross-border fees by 90%

Written by: Blockchain Knight

According to a statement on July 28, PayPal has launched a new program called "Pay with Crypto", which aims to streamline global business processes and significantly reduce cross-border transaction costs.

The company says the service reduces international transaction fees for merchants by 90% compared to traditional credit card processors.

This breakthrough in functionality is made possible by instant exchange technology for crypto-to-fiat or PayPal's native stablecoin, PayPal USD (PYUSD). The platform supports over 100 cryptocurrencies, including Bitcoin, Ethereum, and is compatible with mainstream wallets like Coinbase, MetaMask, and more.

PayPal expects this move to reach more than 650 million cryptocurrency users worldwide, helping merchants enter the rapidly growing digital asset economy.

Alex Chriss, President and CEO of PayPal, emphasized that this initiative promises to remove long-standing barriers in...

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